Nostr is just the start of a decentralization revolution. Next 5-10 years I see a race to decentralize virtually everything. People are tired of having the wool pulled over their eyes by big brother. The time for change is here.

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Feels like momentum is building

Is the governance decentralized? Who makes the decisions? How does that work?

Nostr, the protocol, itself is decentralized. The apps used to connect are built by individuals, but that's just a means to access the decentralized data. Similar to exchanges used to access the blockchain. There's built in checks and balances to make sure the rules are followed but no forced content, ads, narratives, algorithms. Your feed is what you make of it

Is there any plan for decentralized governance in the future? Who makes the decisions that effect everyone? Or does everyone do their own thing? Seems to me there advantages and disadvantages.

I'm not suggesting doing away with government or centralized governing, but decentralized protocols can be implemented to facilitate a more transparent governing body. For example, imagine currency was run on the blockchain and you could see politicians being paid on the chain by mega corporations. The corruption would be out in the open and easily exposed, thus driving out corruption and giving power back to the people.

What are the checks and balances? BTW - Exchanges could be decentralized.

No one makes decisions, the protocol is free, anyone can read the relays. 🤙